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Fly News Breaks for August 18, 2019
VJET
Aug 18, 2019 | 18:44 EDT
Piper Jaffray analyst Troy Jensen lowered his price target for Voxeljet to $3 from $4.75 due to higher projected losses in his forecast. The analyst notes that the company reported June quarter results with a modest beat on revenues but missed on the bottom line. While guidance came well short of his Q3 estimates, the company reaffirmed its guidance for the fiscal year, he adds. Jensen reiterates an Overweight rating on the shares.
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